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CrunchWeek: Apple Built A Watch, Zynga Recycles CEOs, And HBO Cuts The Cord

Welcome to another Friday and another episode of CrunchWeek. This week we had a treat in that two-thirds of our staff’s Sarahs sat down to dig in and rake over the news. We presume that you are bleary eyed due to staying up all night trying to fend off both nerds and tech press — redundant though the juxtaposition may be — to order an Apple watch. Also popping this week… Read More

Zynga Drops 8% After Hours On News That Former CEO Mark Pincus Will Return To Lead The Firm

He’s back. Today, following the cessation of trading, Zynga announced that its former CEO Mark Pincus will return to the role. Now-prior CEO Don Mattrick is out of two chairs: The one atop the company’s leadership structure and his seat on the board. The company’s shares fell more than 10 percent in the wake of the news, but have since recovered to a more modest negative 8… Read More

A Super Angel’s View On Venture Capital In 2015

As the first quarter of 2015 draws to a close, it’s clear that the venture capital industry is evolving. Since 2005, thousands of new millionaires have been minted by the IPOs of Alibaba Group, Lending Club, Go Pro, Box, Zendesk, Facebook, Pandora, Zynga, Linkedin, Homeaway, Zipcar and countless others. Read More

Mobile Web Surfers Again Facing Unexpected Redirects To App Store, Native Apps

Remember the early days of web surfing? You’d be happily browsing through your favorite sites, clicking links – then, boom! – your screen was littered with pop-up advertisements! The problem became so prevalent, people began installing pop-up blocking software on their PCs as a solution to the ongoing annoyance. Today, as users make the transition to mobile, a new irritation… Read More

Zynga Drops 9% After Its $192M Q4 Revenue And Guidance Disappoint

Zynga reported its fourth quarter financial performance today after the bell, including revenue of $192.5 million and earnings per share of $0.00. Investors had expected the company to earn $0.00 on revenue of $201.11 million. The firm also reported bookings in the quarter of $182.4 million. The company’s flat earnings per share is based on adjusted profit. Using normally accepted… Read More

Zynga, Scopely Exec Leaves To Start Mobile Studio MobLabs

Andy Kleinman, who was chief business officer at Los Angeles-based gaming company Scopely and a general manager at Zynga, left the company to start a mobile products-focused studio called MobLabs. Kleinman previously co-founded Vostu, a Latin American social gaming company, and later joined Three Melons, a studio that was acquired by Playdom (which was later acquired by Disney). Then he later… Read More

Ex-Zynga Developers Land $2.5 Million For New Studio JuiceBox Games

Three former Zynga developers have raised $2.5 million to build out their new gaming studio, JuiceBox Games, on the back of the release of their first gaming title HonorBound. With 3 million downloads and counting, JuiceBox’s first game is already generating revenue for the company. The game is ranked 94 on the list of top-grossing apps with a daily revenue estimate of $14,726 and… Read More

Googler, And Former DARPA Director, Regina Dugan Joins Zynga’s Board Of Directors

Zynga is announcing a new addition to its board of directors — Regina E. Dugan, vice president of engineering and head of the Advanced Technology and Projects group at Google. In a memo sent to the company’s employees, CEO Don Mattrick said Dugan will be “a true catalyst for creative thinking at Zynga.” As highlighted at the recent Google I/O developer conference… Read More

YoVille Renamed YoWorld And Officially Acquired From Zynga By Big Viking Games

YoVillians rejoice; your kingdom is saved. Players of the social virtual world game will be excited to hear that their play can continue as YoVille, which was acquired by Zynga a few years ago, will not be shuttered as planned. Instead, it is now the wholly owned property of London, ON-based Big Viking Games, and will be transferred completely (with all game history and profile details intact)… Read More

Zynga Founder Mark Pincus Steps Down From Chief Product Officer Role

Along with the company’s earnings release, Zynga announced that founder Marc Pincus would be stepping down from any operational duties and ceding his chief product officer title today. The company said that Pincus, who started the social gaming company in 2007, will remain Chairman of the Board. Read More
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